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Indecision before Jackson Hole

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The bulls squandered a strong open and trended lower all day, even breadth finished negative.  Gold and silver were the big winners once again.  We certainly have lots of gloom and negativity, so it won't take much for an oversold bounce/short squeeze to kick in, but do we need to break lower first as we have failed multiple times at SPY 115?

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

 

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Posted-In: Gold Jackson Hold Silver SPYCommodities Events ETFs

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